SCHEDULES
SCHEDULE 1Annual investment allowance: periods straddling 1 January 2013 or 1 January 2015
Chargeable periods which straddle 1 January 2015
4
1
This paragraph applies in relation to a chargeable period (“the second straddling period”) which begins before 1 January 2015 and ends on or after that date.
2
The maximum allowance under section 51A of CAA 2001 for the second straddling period is the sum of each maximum allowance that would be found if—
a
the period beginning with the first day of the chargeable period and ending with the day before 1 January 2015, and
b
the period beginning with 1 January 2015 and ending with the last day of the chargeable period,
were treated as separate chargeable periods.
3
But, so far as concerns expenditure incurred on or after 1 January 2015, the maximum allowance under section 51A of CAA 2001 for the second straddling period is the maximum allowance, calculated in accordance with sub-paragraph (2), for the period mentioned in paragraph (b) of that sub-paragraph.